Tag: Motor Third Party Bodily Insurance claims

TPBID Newco…. Disputing its viability at a recent Market Meeting

On the 30th April 2010, the Non-Life insurance industry held its first open-market discussion on the recent proposed national third party bodily & death (TPBID) Newco and its very sketchy operating model. This event was held by PIAM to obtain…

A middle finger too stiff… more decisions too self-serving!

The Malaysian newspapers reported some ROAD RAGE.… Mr. Beh, 43, a forwarding clerk nudged into the vehicle belonging to Mr. Lim, 52. He drove off with Lim chasing him close behind… both vehicles scraped one another. Lim then showed Beh…

The New Motor Insurance Cover – taking a glimpse……..

Judging from the many hits to my previous postings relevant to this topic – 408 hits to blog posting: Difficult buying your Motor Insurance? Try Malaysian Motor Insurance Pool and 271 hits to another: The National Third-Party Bodily Injury Liability…

The National Third-Party Bodily Injury Liability Scheme…. jumping the gun or what?

I made a very fast, off the cuff comment to a question posted by my reader on the 6 March. After having a coffee,  chit-chat with the other industry practitioners yesterday, I may as well post the comment as a…

Old vehicles on third party insurance are costing the insurance industry hundreds of millions annually…. but would converting them to comprehensive helps?

buy insurance for old cars

Performance of old vehicles in a nutshell. It is already common knowledge that old vehicles (≥ 15 years category) in the absence of adequate loading on the tariff gross premium are not writable risks, and especially so where more than…

The making of fraudulent TPBI claims…..MOVIE

Of late I heard of a RM4.8 million fraudulent TPBI claims suffered by a Small-Medium non-life insurer in Kuala Lumpur….. wonder if it is so easy to make such fraudulent claims. I overheard…there was approximately 124 files involved or rather…